Hi All, This is my first post but have been browsing here for a while. I read from the other threads how banks are increasing their IO rates and favouring PI loans due to regulatory requirements. We have 2 IPs that are now on P&I as their IO terms expired about a year ago. We didn't seek for extension obviously hence the current P&I terms. We are now considering changing them back to IO terms for better cash flow and to make saving for the next deposit quicker. Would this be a good move considering the current environment where it appears that banks prefer P&I loans? Would like to buy another property but saving for the deposit will take longer with both these loans on P&I. IP1 has about $270k loan and was valued around $450k two years ago. Ip2 has $219k loan also valued 2 years ago at around $310k. We do not have PPOR, currently renting. Also, what would be needed to change them from P&I to IO loans? Would that mean something like going thru a new application and have to provide pay slips etc? I've read thru different posts but I'm still struggling to comprehend some notions like releasing equity etc. Would like some help on how we can move on from this situation and be able to do purchase. Many thanks!